Influence of business performance measurement systems and corporate sustainability concept to overal business performance: “save the planet and keep your performance”

Rajnoha, Rastislav; Lesníková, Petra; Krajčík, Vladimír

doi:10.15240/tul/001/2017-1-008

Cited by 19 publications

(15 citation statements)

References 27 publications

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“…Based on the papers analyzed, the most relevant environmental KPIs that impact value creation are connected to the following strategic items: (1) gas emissions; (2) renewable resources; (3) resource consumption; and (4) waste. One of the most important goals to achieve is to unify energy and climate, which will guarantee safe, economically accessible, and climate-friendly energy [45][46][47]. Fighting against climate change is, in fact, also a stimulus for employment and growth.…”

Section: Environmental Performance Indicatorsmentioning

confidence: 99%

The Role of Sustainability Key Performance Indicators (KPIs) in Implementing Sustainable Strategies

2019

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The role of sustainability dimensions in the value creation process has attracted considerable interest in the scientific academic world in the last two decades. The 2030 Agenda, which fixed the sustainable goals (SDGs) to safeguard our planet, highlighted the fundamental role of sustainability issues. In this context, companies around the world need to integrate their strategies with environmental, social, and economic dimensions. However, sustainability aspects are often not linked to company strategies, and there has been growing difficulty in measuring sustainable development by adopting an appropriate set of key performance indicators (KPIs). Accordingly, the aim of this study is as follows: (1) to identify the suitable KPIs that affect company performance, based on the literature and management practices, and (2) to propose a new perspective on a way to integrate sustainability issues in company strategies. Based on a systematic procedure, we obtained 82 papers that focus on KPIs related to sustainability issues. Following a review of papers and a survey conducted with Italian managers, we developed a sustainability perspective by selecting the most appropriate KPI system for each of the dimensions discussed. The proposed model suggests that incorporating sustainability dimensions within corporate strategy would allow strategic alignment in order to gain competitive advantage and therefore create sustainability value.

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Section: Environmental Performance Indicatorsmentioning

confidence: 99%

The Role of Sustainability Key Performance Indicators (KPIs) in Implementing Sustainable Strategies

2019

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“…through the introduction of premium organic brands), increase reputation and brand value, become more attractive as an employer (e.g. through better alignment between personal and company values), and build up innovation capabilities (Schaltegger 2011;Rajnoha et al 2017).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Developing Eco-Innovation in Business Practice in Slovakia

Vicianová

Jaďuďová

Hronec

et al. 2017

Journal of Business Economics and Management

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The paper presents the analyses and evaluates the current state of implementation of eco-innovation in the most energy-intensive sectors in Slovakia and also compares the eco-innovation performance of EU countries. Furthermore, it identifies the economic and environmental benefits from which businesses can profit following the introduction of this type of eco-innovation; it confirms the relationship between investments in environmental technologies and increasing sales of ecological products and services and identifies opportunities for development of eco-innovations in Slovakia. The industrial sectors in Slovakia have the potential to utilise eco-innovation throughout the structure of their economic activities, to develop new technologies and knowledge as well as in creating and developing partnerships, networks and mutual cooperation for the development of eco-innovation on the proviso that appropriate supporting eco-innovation policies and stimulus measures are in place. An analysis of the current state of eco-innovations in the selected enterprises was carried out on the basis of original empirical research which is based on a questionnaire survey on enterprises in the Slovak Republic.

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“…Corporate financial performance was primarily measured through two large categories of indicators (Aras et al, 2010). The first category refers to indicators based on accounting data and such as the return on assets, the return on equity, the return of employed capital and the earnings per share (Madorran and Garcia, 2016;Rajnoha et al, 2017;Adeneye and Ahmed 2015;Simionescu and Gherghina, 2014). The second category refers to market perception-based indicators and includes: market value added and the company's value (Adeneye and Ahmed 2015;Gherghina et al, 2015;Dagilienė, 2014).…”

Section: Measurement Of Csp and Cfpmentioning

confidence: 99%

Corporate Social Performance versus Financial Performance of the Romanian Firms

Siminică¹,

Ionașcu²,

Sichigea³

2019

Prague Economic Papers

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This article analyses the relationship between corporate social performance and financial performance at the level of a panel of 62 Romanian companies listed on the Bucharest Stock Exchange. The first challenge was measuring of the social performance. A new social performance measurement system was developed based on which the CSP Index was obtained. The GRI criteria for reporting, the channel of communication chosen by the companies, as well as the level of detail of the published information were taken into account. The estimation of the regression model was made using the CSP Index as the dependent variable and the financial indicators (return on assets, return on equity, sales growth, average number of employees, total sales, market value added, PER index) as the independent variables. The panel regression analysis done to highlight the fixed or random effects at the company level indicated a relatively weak causal relationship between corporate social performance and financial performance. The social performance may also depend on other variables that are not included in the model, although, the general conclusion was that the social performance of Romanian companies is relatively low, but in an ascending evolution.

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Influence of business performance measurement systems and corporate sustainability concept to overal business performance: “save the planet and keep your performance”

Cited by 19 publications

References 27 publications

The Role of Sustainability Key Performance Indicators (KPIs) in Implementing Sustainable Strategies

The Role of Sustainability Key Performance Indicators (KPIs) in Implementing Sustainable Strategies

Developing Eco-Innovation in Business Practice in Slovakia

Corporate Social Performance versus Financial Performance of the Romanian Firms

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